YLDE vs. BIL
YLDE (ClearBridge Dividend Strategy ESG ETF) and BIL (SPDR Bloomberg 1-3 Month T-Bill ETF) are both exchange-traded funds - YLDE is a Dividend fund actively managed by Franklin Templeton, while BIL is a Government Bonds fund tracking the Bloomberg 1-3 Month U.S. Treasury Bill Index. YLDE is actively managed, while BIL is passively managed. Over the past 5 years, YLDE returned 10.08%/yr vs 3.45%/yr for BIL. At a correlation of -0.02, they often move in opposite directions. YLDE charges 0.60%/yr vs 0.14%/yr for BIL.
Performance
YLDE vs. BIL - Performance Comparison
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Returns By Period
In the year-to-date period, YLDE achieves a 4.91% return, which is significantly higher than BIL's 1.67% return.
YLDE
- 1D
- 0.06%
- 1M
- -0.48%
- YTD
- 4.91%
- 6M
- 4.69%
- 1Y
- 14.35%
- 3Y*
- 14.52%
- 5Y*
- 10.08%
- 10Y*
- —
BIL
- 1D
- 0.01%
- 1M
- 0.28%
- YTD
- 1.67%
- 6M
- 1.76%
- 1Y
- 3.84%
- 3Y*
- 4.60%
- 5Y*
- 3.45%
- 10Y*
- 2.20%
YLDE vs. BIL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
YLDE ClearBridge Dividend Strategy ESG ETF | 4.91% | 13.09% | 16.44% | 15.69% | -8.56% | 22.12% | 10.35% | 32.46% | -5.74% | 11.35% |
BIL SPDR Bloomberg 1-3 Month T-Bill ETF | 1.67% | 4.15% | 5.19% | 4.94% | 1.40% | -0.10% | 0.40% | 2.03% | 1.74% | 0.50% |
Correlation
The correlation between YLDE and BIL is -0.05, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.05 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.05 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.02 |
Correlation (All Time) Calculated using the full available price history since May 23, 2017 | -0.02 |
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Return for Risk
YLDE vs. BIL — Risk / Return Rank
YLDE
BIL
YLDE vs. BIL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ClearBridge Dividend Strategy ESG ETF (YLDE) and SPDR Bloomberg 1-3 Month T-Bill ETF (BIL). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| YLDE | BIL | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -17.78 | ||
| Sortino ratioReturn per unit of downside risk | -170.49 | ||
| Omega ratioGain probability vs. loss probability | 1.27 | 87.16 | -85.89 |
| Calmar ratioReturn relative to maximum drawdown | 1.90 | 352.24 | -350.34 |
| Martin ratioReturn relative to average drawdown | 6.97 | 2,793.11 | -2,786.14 |
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Drawdowns
YLDE vs. BIL - Drawdown Comparison
The maximum YLDE drawdown since its inception was -33.23%, which is greater than BIL's maximum drawdown of -0.78%. Use the drawdown chart below to compare losses from any high point for YLDE and BIL.
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Drawdown Indicators
| YLDE | BIL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.23% | -0.78% | -32.45% |
Max Drawdown (1Y)Largest decline over 1 year | -7.59% | -0.01% | -7.58% |
Max Drawdown (3Y)Largest decline over 3 years | -11.42% | -0.01% | -11.41% |
Max Drawdown (5Y)Largest decline over 5 years | -20.22% | -0.09% | -20.13% |
Max Drawdown (10Y)Largest decline over 10 years | — | -0.21% | — |
Current DrawdownCurrent decline from peak | -1.76% | 0.00% | -1.76% |
Average DrawdownAverage peak-to-trough decline | -3.54% | -0.26% | -3.28% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.06% | 0.00% | +2.06% |
Volatility
YLDE vs. BIL - Volatility Comparison
ClearBridge Dividend Strategy ESG ETF (YLDE) has a higher volatility of 2.49% compared to SPDR Bloomberg 1-3 Month T-Bill ETF (BIL) at 0.07%. This indicates that YLDE's price experiences larger fluctuations and is considered to be riskier than BIL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| YLDE | BIL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.49% | 0.07% | +2.42% |
Volatility (6M)Calculated over the trailing 6-month period | 6.87% | 0.14% | +6.73% |
Volatility (1Y)Calculated over the trailing 1-year period | 9.39% | 0.20% | +9.19% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.50% | 0.26% | +13.24% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.73% | 0.26% | +15.47% |
YLDE vs. BIL - Expense Ratio Comparison
YLDE has a 0.60% expense ratio, which is higher than BIL's 0.14% expense ratio.
Dividends
YLDE vs. BIL - Dividend Comparison
YLDE's dividend yield for the trailing twelve months is around 6.98%, more than BIL's 3.85% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
BIL SPDR Bloomberg 1-3 Month T-Bill ETF | 3.85% | 4.13% | 5.03% | 4.92% | 1.35% | 0.00% | 0.30% | 2.05% | 1.66% | 0.68% | 0.07% |
YLDE ClearBridge Dividend Strategy ESG ETF | 6.98% | 5.68% | 1.69% | 1.64% | 1.68% | 1.15% | 1.46% | 1.65% | 2.25% | 1.31% | 0.00% |
Frequently Asked Questions
YLDE and BIL have a correlation of -0.05, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
YLDE has higher volatility (2.49%) compared to BIL (0.07%). In terms of maximum drawdown, YLDE dropped -33.23% vs BIL's -0.78%.
On 5-year performance, YLDE leads with 10.08% vs 3.45% for BIL. On fees, BIL is cheaper at 0.14% per year. On volatility, BIL has been the lower-risk option at 0.07%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, YLDE has performed better with a 10.08% return vs 3.45%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
BIL is cheaper with a 0.14% expense ratio, compared with 0.60% for YLDE.
YLDE has the higher dividend yield at 6.98%, compared with 3.85% for BIL.
YLDE is categorized as Dividend, while BIL is Government Bonds. They also come from different issuers: Franklin Templeton and State Street. Their fees differ too: 0.60% for YLDE and 0.14% for BIL.
BIL currently has the higher Sharpe Ratio (19.32 vs 1.54), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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